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CAPRAL LIMITED — Capital/Financing Update 2021
Jan 31, 2021
64599_rns_2021-01-31_9cfb6297-aaef-45cb-af83-0b838baa94ad.pdf
Capital/Financing Update
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CAPRAL
ASX ANNOUNCEMENT
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1 February 2021
Completion of the G James NSW Extrusion Plant Acquisition
On 17 December 2020, Capral announced that it had entered into an agreement to acquire the NSW Aluminum Extrusion assets of G James Extrusion Co. Pty Ltd (G James), located in Smithfield. I am pleased to advise that the acquisition was successfully completed as at today’s date.
Capral has acquired the plant and equipment, spare parts and raw material inventory for a total price of around $8m.
Capral has entered into a 12-month toll manufacturing agreement with G James to ensure a smooth transition for both parties. This will allow Capral to recover the fixed plant operating costs during this period. Capral has entered into a term lease agreement with G James for the 8,500m² Smithfield extrusion site.
The acquisition of the Smithfield extrusion plant represents a strategically geographic important initiative for Capral.
Approved and authorised for release by Capral’s Board of Directors.
For further information please contact:
Corporate
Lyn McGee, Capral P: + 61 2 8222 0112 E: [email protected]
Investors
Adrian Mulcahy, Market Eye P: +61 3 9591 8902 E: [email protected]
Yours faithfully
Capral Limited ABN 78 004 213 692 ASX: CAA
Level 4, 60 Phillip St Parramatta NSW 2150 PO Box 209, Parramatta CBD BC NSW 2124
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Tony Dragicevich Managing Director
T 02 8222 0112 F 02 8222 0130